PolicyThe Blockabout 1 hour ago
HSBC Launches HKD Stablecoin RedCoin
2 min read
Hong Kong's HSBC launches its first HKD stablecoin, RedCoin, available from Friday via PayMe. Users activate wallets in the coming days for peer-to-peer transfers and payments to over 100,000 merchants. The launch follows the Stablecoins Ordinance taking effect in August 2025 and April 2026 licenses for HSBC and Anchorpoint Financial.
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